Day: 18 May 2022

• Lucid’s new factory to bring advanced electric vehicle manufacturing to Saudi Arabia for the first time with a local capacity of 155,000 units
• New Saudi factory expected to address growing global demand for Lucid electric vehicles by increasing Lucid’s global production capacity mid-decade to 500,000 EVs per year
• Helps catalyze the transformation of Saudi Arabia’s economy through Saudi Vision 2030 and the Saudi Green Initiative
• Signing ceremony celebrates agreements estimated to provide financing and incentives to Lucid of up to $3.4 billion in aggregate over the next 15 years
• Government of Saudi Arabia reaffirms commitment to purchase up to 100,000 Lucid electric vehicles over a ten-year period

RIYADH, Saudi Arabia, May 18, 2022 /PRNewswire/ — Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today hosted a ceremonial signing event to mark the February 2022 agreements with the Ministry of Investment of Saudi Arabia (“MISA”), the Saudi Industrial Development Fund (“SIDF”), Emaar, The Economic City, at King Abdullah Economic City (“KAEC”) and Gulf International Bank (“GIB”) that sets the stage for the construction of AMP-2, a world-class Lucid production factory in Saudi Arabia with a capacity of 155,000 electric vehicles.

The agreements celebrated today are estimated to provide financing and incentives to Lucid up to $3.4 billion in aggregate over the next 15 years to build and operate a manufacturing facility in Saudi Arabia.

“This signing ceremony marks yet another step forward in the realization of Lucid’s mission to inspire the adoption of sustainable energy, and I’m delighted this brand-new manufacturing facility will come to fruition here in Saudi Arabia,” said Peter Rawlinson, Lucid’s CEO and CTO. “I am truly delighted to partner with PIF, our signing partners, and the Government of Saudi Arabia in advancing our shared vision of global sustainability.”

Rawlinson added: “We are thrilled to be supporting Saudi Arabia in achieving its sustainability goals and net-zero ambitions, as outlined in Saudi Vision 2030 and the Saudi Green Initiative, by taking steps to help diversify Saudi Arabia’s economy through the establishment of manufacturing capacity in KAEC for up to 155,000 of Lucid’s zero-emissions, electric vehicles per year.”

Rawlinson was joined at the signing event by Sherry House, Lucid’s CFO; Jonathan Butler, Lucid’s General Counsel; Faisal Sultan, Lucid’s Managing Director, Middle East; and senior representatives from the Ministry of Investments, Ministry of Industry and Mineral Resources, and PIF.

His Excellency Eng. Khalid Al-Falih, Minister of Investment of Saudi Arabia, said: “With today’s signing ceremony, we are taking a major step towards Saudi Arabia’s goal of diversifying its economy by creating a new manufacturing hub to spearhead the future of mobility for the Middle East region. Attracting a global leader in electric vehicles such as Lucid to open its first international manufacturing plant in Saudi Arabia reflects our commitment to creating long-term economic value in a sustainable, enduring, and globally integrated way. This project demonstrates the confidence investors have in Saudi Arabia’s competitiveness, its ability to create opportunity, and serve global demand for a highly complex product such as electric vehicles.”

His Excellency Bandar Alkhorayef, the Minister of Industry and Mineral Resources and Chairman of Saudi Industrial Development Fund (SIDF), stated that the automotive industry in the Kingdom is one of the important sectors supported by the National Industrial Strategy (NIS) since it is one of the complex industries that contribute to the development of supply chains for a wide range of products, noting that all entities of the industry ecosystem are working together to attract investments, including EVs, to the Kingdom. He added: “We look forward to working with Lucid and other leading companies, while continuing to build our global expertise.”

Turqi Al-Nowaiser, PIF’s Deputy Governor and Head of International Investments Division, said: “PIF partners with leading global innovators, like Lucid, to shape the economies of the future and drive the economic transformation of Saudi Arabia in line with Saudi Vision 2030.”

At the event, Rawlinson participated in a panel focused on the benefits of Lucid bringing its innovative electric vehicle technology and advanced new factory to Saudi Arabia.

Lucid reviewed multiple opportunities before selecting KAEC in Saudi Arabia, an area known for its livability and sustainability, as the optimal location for the second of its global network of electric vehicle manufacturing facilities. Lucid also officially designated the new Saudi Arabian plant “AMP-2” (Advanced Manufacturing Plant #2), indicating its position as the next cornerstone of Lucid’s vertically integrated global production network. The factory is situated in KAEC’s ‘Industrial Valley,’ close to King Abdullah Port along the main Red Sea trading corridor, an area which has handled more than a third of Saudi Arabia’s Western Region container volumes. Lucid’s Middle East regional headquarters in Riyadh has been operational since last year.

Commenting on the agreement, Mr. Cyril Piaia, CEO of Emaar The Economic City, master developer of KAEC, said: “With this momentous agreement, we welcome Lucid’s first electric vehicle plant outside the US. KAEC and Saudi Arabia stand to reap considerable long-term benefits from the project, which is expected to produce 150,000 electric vehicles per year upon completion and create over 4,500 jobs in the city. The sustainable-mobility options the plant is set to provide, along with a marked uptick in employment opportunities, will bolster KAEC’s reputation as the Kingdom’s leading automotive hub and a vision-ready platform for investors everywhere. It also reflects our commitment towards the realization of the Kingdom’s Vision 2030 goals for economic diversification and the development of promising new sectors.”

Abdulaziz Al-Helaissi, Group CEO of GIB, commented: “GIB is proud to be a part of this important step to develop sustainable transportation in the Kingdom of Saudi Arabia and support the transition away from fossil fuels. This is a great opportunity for Lucid and for Saudi Arabia and captures the spirit of Vision 2030. GIB believes that green and sustainable finance can be a force for good and we are committed to a sustainable future.”

“Lucid has set out to address global market demand for EVs, while also taking action to address climate change through inspiring sustainable transportation, and today’s signing ceremony marks the beginning of this journey,” said Faisal Sultan, Lucid’s Managing Director, Middle East. “Alongside PIF, our partners at MISA, KAEC, and SIDF, and our customer at MOF, we have gained unique insight into the demand for electric vehicles and SUVs in Saudi Arabia and beyond, helping in our efforts to introduce the world’s most advanced electric vehicles to exciting new markets.”

At AMP-2, Lucid plans to establish operations initially for re-assembly of Lucid Air vehicle “kits” that are pre-manufactured at the company’s U.S. AMP-1 facility in Casa Grande, Arizona, and, over time, for production of complete vehicles. Lucid expects construction of the plant to commence shortly, and at its peak, Lucid expects to manufacture up to 155,000 vehicles per year at the facility. Vehicles will be initially slated for the Saudi Arabian market, but Lucid plans to export finished vehicles to other global markets. In addition, Middle East regional deliveries of the Lucid Air are expected to begin later this year, supported from the Casa Grande factory.

In April 2022, the Ministry of Finance of the Government of Saudi Arabia (“MOF”) entered into an agreement with Lucid to purchase at least 50,000 and potentially up to 100,000 Lucid vehicles over a ten-year period. The order quantity for the committed volume is expected to range from 1,000 to 2,000 vehicles annually and increase to between 4,000 and 7,000 vehicles annually by 2025. The purchase price of the vehicles will be based on Lucid’s standard retail prices as previously disclosed. This commitment supports the government’s drive to diversify the economy, provide thousands of local highly skilled job opportunities, and provide economic benefits to Saudi Arabia in line with Saudi Vision 2030.

About Lucid Group
Lucid’s mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company’s first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design that features luxurious full-size interior space in a mid-size exterior footprint. Underpinned by race-proven battery technology and proprietary powertrains developed entirely in-house, Lucid Air was named the 2022 MotorTrend Car of the Year®. The Lucid Air Grand Touring features an official EPA estimated 516 miles of range or 1,050 horsepower. Deliveries of Lucid Air, which is produced at Lucid’s new factory in Casa Grande, Arizona, are currently underway to U.S. customers.

Media Contact

International:

• Lucid Motors: media@lucidmotors.com

Regional:

• Ibrahim Anabtawi, Brunswick Group: LucidKSA@brunswickgroup.com

Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other entities, which are the property of their respective owners.

Forward Looking Statements
This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Lucid’s expectations regarding the Government of Saudi Arabia’s commitment to purchase vehicles, Lucid’s ability to produce and deliver vehicles, production and delivery volumes, timing of deliveries, pricing, future manufacturing capabilities and facilities, the promise of Lucid’s technology, and performance, range, and other features of the Lucid Air. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including factors discussed under the heading “Risk Factors” in Lucid’s Annual Report on Form 10-K for the year ended December 31, 2021, as well as other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid presently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid’s expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid’s assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

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The folding phone’s superior hardware offers enhanced features from the Huawei Mobile Services Ecosystem

MILAN, Italy, May 18, 2022 /PRNewswire/ — HUAWEI has launched the HUAWEI Mate Xs 2, HUAWEI’s flagship foldable smartphone, offering an elevated All-Scenario Seamless AI Life Experience on HMS apps. The HUAWEI Watch GT 3 Pro has also been launched, bridging the gap between smart and fitness watches. users.

HUAWEI Mate Xs 2 & Petal Maps– making navigation seamless

Optimised for the foldable screen, Petal Maps’ leading user experience design and colour reproduction with professional colour gamut management offer a true-to-life, easy-to-use experience with HUAWEI Mate Xs 2.

The latest version of Petal Maps includes a lighting effect in dark mode, which shows road lights and building lights while driving at night or in dark mode.

Personalised skins for Spring, Summer, Autumn, and Winter have been launched, with temperature and precipitation layers added.

With Lane-level guidance, lane-specific information, and arrow, Petal Maps offers users a better view of their surroundings on the foldable screen.

HUAWEI Browser, HUAWEI Books, HUAWEI Video, and Petal Search – Optimised for the wider screen with Smart Multi-Window

HUAWEI Mobile Cloud on the HUAWEI Mate Xs 2 makes data management easier. Features like automatic backups, cross-device syncing of data, and Find Device, mean that precious memories are always at hand.

Additionally, Huawei’s AI web layout optimisation feature optimises the web page content on the foldable.

Harnessing the folding capabilities of the HUAWEI Mate Xs, HUAWEI Books incorporates its “double page turning” interface, which reproduces the look and feel of traditional books.

On the HUAWEI Mate Xs 2, news, applications, and more in Petal Search can be displayed smoothly in a dual-window layout with Smart Multi-Window.

GameCenter on the HUAWEI Mate Xs 2  provides more room for enhanced gameplay

With its vast game library and exclusive benefits, GameCenter on HUAWEI Mate Xs 2’s big screen lets users enjoy games such as State of Survival and Mobile Legends: BangBang.

AppGallery on the HUAWEI Mate Xs 2 Brings You Big-Screen Apps

AppGallery has launched a comprehensive developmental framework and design specifications specifically for foldable phones  and supports the App Multiplier feature, which allows two pages within the same app to be displayed on each of the phone’s screens.

HUAWEI Watch GT 3 Pro

The fashionable and refined HUAWEI Watch GT 3 Pro will be available in Ceramic and Titanium. Huawei has also launched a new “Sense” Series of watch faces which incorporate the fine-grained details  of traditional timepieces.

For more information on the products launched, please visit: https://consumer.huawei.com/en/

About HUAWEI Mobile Services (HMS)

HUAWEI Mobile Services is part of Huawei Consumer Business Group which aims to provide a complete mobile experience to users globally. As of 31^st March 2022, HUAWEI Mobile Services covers 730 million users in over 170 countries, enabling smart living for every Huawei device user.

For more information please visit: https://consumer.huawei.com/uk/mobileservices/

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• Together, the combination of superior hardware and software offers users a clearer, more immersive navigation experience

MILAN, May 18, 2022 /PRNewswire/ — On May 18, 2022, Huawei officially released the foldable phone HUAWEI Mate Xs 2 in Milan. The newly launched HUAWEI Mate Xs 2 offers the perfect blend of powerful technology and an upgraded user experience on HMS apps. As Huawei’s exclusive mapping app, Petal Maps has also been adapted to the new smartphone. The bendable and expansive capabilities of the foldable screen give users a clearer and more immersive navigation experience, making travel more seamless than ever.

Experience the larger-than-life navigation of Petal Maps further with HUAWEI Mate Xs 2’s bigger screen

The bigger screen lets users see more information at once and allows for additional lane-level navigation and arrow guidance in Petal Maps, delivering clearer and more immersive navigation.

While navigating, Petal Maps lets users enjoy a better view of the roads they’re on, with lane-specific information and arrow guidance. This equips users so that they can make key decisions in advance, such as turning, getting on a ramp, or passing through the intersection safely.

What’s more, while you’re driving, you can handily unfold the screen and place it on your vehicle’s central console. The phone’s foldable screen will then similarly work as the car’s central console for a smoother, more vibrant navigation display as you cruise through the streets.

Petal Maps with the HUAWEI Mate Xs 2 lets you work on whatever size of screen suits you best – you can fold and unfold it depending on your preference for a smaller or larger navigation display, whether you’re driving or walking.

Petal Maps offers UI/UX improvements for users with the bigger screen of the HUAWEI Mate Xs 2

Petal Maps has always prioritised making user interactions as fun and engaging as possible, applying a streamlined interface, producing brighter and more authentic colours, strengthening street-level and architectural details, and rendering true-to-life lighting at a 3D level.

The app also incorporates map layers, such as 3D maps, to reproduce nuances of real-world conditions onscreen. The 3D maps display produces a more holistic level of detail. With realistic lighting effects, users will be able to see streetlights and building lights in dark mode when they’re navigating at night.

The phone’s bigger screen serves to enhance the rich detail of the 3D layer, with elements like weather, time of day, and lighting effects visible on Petal Maps, bringing new insights into view.

Additionally, the 3D layer now includes prominent landmarks such as the Eiffel Tower, London Eye, and Kuala Lumpur Tower, all rendered in 3D so that users can travel the world in the mind’s eye, without even having to set foot outside.

The app’s leading UI interaction experience has been recognised, as Petal Maps garnered a prestigious Red Dot Design Award. Featuring superior UX design and colour reproduction, it provides minimalistic visuals, streamlined operations, and buttery-smooth page switching for an unprecedented level of immersion when one opens the app.

In 2021, the app grew by leaps and bounds and continues to flourish. Aiming to grow from strength to strength, the app’s creators have applied professional colour gamut management and reproduction of the HUAWEI Mate Xs 2 to ensure that the maps onscreen capture the beauty of real-world settings, while remaining clear and accessible.

Petal Maps continues to build a richer, more realistic user experience

Since its release in October 2020, Petal Maps has adhered to a vision of creating “a new way to explore the world”, offering ground-breaking navigation features that have made waves. Petal Maps has already been released in more than 160 countries and regions around the world, and garnered more than 28 million monthly active users, as well as widespread acclaim.

To further elevate the user experience, Petal Maps has launched many useful features. With useful enhancements like Lane Guidance, which helps users to identify and navigate complex road and traffic scenarios, and the Offline Maps function, which enables Petal Maps to be used with limited internet access, Petal Maps lets you find your way seamlessly.

In addition, Petal Maps has recently released a lot of interesting new features, like personalised skins for the four seasons, and temperature and precipitation layers. Users can switch the themed skins based on their personal preferences, and view future temperature and precipitation changes using the map visualisation effect.

Looking forward, Petal Maps continues to elevate the All-Scenario Seamless AI Life Experience through strong hardware and software collaborations such as this one, bringing richer and more innovative user experiences to consumers around the world.

(Availability of HUAWEI Mate Xs 2 and Petal Maps features may vary by countries/regions; actual conditions should prevail.）

If you would like to find out more about Petal Maps, here is the direct download link for Petal Maps:  https://petalmaps.dre.agconnect.link/pvB6pK  

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BEIJING, May 18, 2022 /PRNewswire/ — JA Solar celebrates its 2022 new product launch event on May 18, with the release of its first n-type PV module DeepBlue 4.0 X. This innovative new product offering marks the company’s first entry into the n-type PV product market.

Based on the 182 wafer, which boasts the most mature supply chain and industry-wide recognition, the DeepBlue 4.0 X series includes three module types adaptable to any scenario: 54-cell module for residential PV systems, 72-cell and 78-cell for commercial and utility-scale PV projects. DeepBlue 4.0 X has already passed the IEC 61215 and IEC 61730 tests and obtained the TÜV SÜD certificate, as well as passed the salt mist, ammonia, sand and dust testing, proving its suitability across various applications and environments.

In addition to the advantages carried over from DeepBlue 3.0 modules, DeepBlue 4.0 X integrates the latest technologies from JA Solar, including the Bycium+ cell, wherein mass production efficiency can reach more than 24.8% owing to its high-quality substrate and structure. Also, DeepBlue 4.0 X is equipped with the patented high-density module encapsulation technology GFI (Gapless flexible interconnection),  where the design of the round ribbon with buffer treatment and optimized encapsulation material deals with mechanical stress at cell interconnections and thus eliminating the risk of micro-cracking. Together, these bring higher reliability and higher energy yield to DeepBlue 4.0 X, with maximum power reaching 625W and efficiency of up to 22.4%.

According to Kun Tang, Director of the Product Technology Department at JA Solar, JA Solar has been working on the n-type technology for years, and after continuous investment in R&D and experimentation, is finally ready for mass production. To verify the power generation performance of the product, JA Solar and TÜV NORD launched a one-year (February 2021-February 2022) energy yield test at China Photovoltaic Test Center, Yinchuan base (Northwest  China). The results show that the energy yield of the n-type module based on Bycium+ cells is 3.9% higher than that of p-PERC modules. According to JA Solar PV system simulation data, compared with p-type modules, BOS cost reduction of DeepBlue 4.0 X tops out at 2.1%, and LCOE at 4.6%, further increasing the IRR and bringing more value to the customer.

Mr. Xinwei Niu, Member of the Board and Senior Vice President of JA Solar, said, “The development of low-carbon and green solutions has become a key global mission. As one of the most flexible and cost-effective renewable energy, PV power has become an important force in promoting carbon neutrality. From p-type to n-type, from DeepBlue 3.0 to DeepBlue 4.0 X, JA Solar has always adhered to the product design concept of ‘customer oriented’. We are always trying to improve the power generation performance of PV modules in order to create more value for customers and promote the application of PV power at a global scale to play a greater role in the process of global carbon neutrality.”

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